Welcome to the Sea Lion Capital Management LLC Swing Trading Thread!
My name is Alan Posner, and I have been trading forex since 2007. Like many before me, I entered this marketplace with rose colored glasses and learned at great personal expense trading requires hard and smart work!
After experimenting with many trading styles including the use of expert advisors, a wide variety of indicators, and other companies signal services I can say with confidence swing trading is for me. Since forex trading is not my only source of income I need the flexibility to manage my time and swing trading provides this level of flexibility. I think many would be traders have the same circumstance and come to the same conclusion. Ideally, this happens before they blow up their account.
To be successful at swing trading requires a study of global economics, politically related activities and price action. Ignore one element of this triad and like a three-legged stool it will tip over when sat on.
Recently I wanted to take my success and put it to work for me and others. My goal is to share the fun and profit of forex swing trading with everyone and build a community around it.
On this forum, I will post fundamental and technical analysis relating to pairs where I see opportunity. If you like what you see visit my website and sign up for a subscription and get my signals automatically. You can join here.
If you are not ready to join but appreciate the free help you can donate a few bucks to help feed my coffee fix.
What's my approach? Simple. Three parts:
1. Study global economic trends and changes. There is an abundance of this data on the internet. Economists love to write.
2. Understand how political changes impact currencies. Political changes both within a nation's internal politics, as well as international, can affect currency prices.
3. Charts across multiple time frames. Understand the big picture and the small picture. Trade the time frame that fits your style which for me is swing trading. Find trends and follow them. Recognize ranges and trade them.
You will notice I am a big believer in small position sizes, wide stops, and patience. I draw lines with markers not fine point pens. I like having multiple positions open at the same time. You don't need a huge account to trade my signals. $2000 is a good number to start with if that's all you have. My fee is $60/month which is pretty reasonable (it's $2 a day!)
Questions and comments are welcome. I'm sure there are many things we can learn from each other.
My name is Alan Posner, and I have been trading forex since 2007. Like many before me, I entered this marketplace with rose colored glasses and learned at great personal expense trading requires hard and smart work!
After experimenting with many trading styles including the use of expert advisors, a wide variety of indicators, and other companies signal services I can say with confidence swing trading is for me. Since forex trading is not my only source of income I need the flexibility to manage my time and swing trading provides this level of flexibility. I think many would be traders have the same circumstance and come to the same conclusion. Ideally, this happens before they blow up their account.
To be successful at swing trading requires a study of global economics, politically related activities and price action. Ignore one element of this triad and like a three-legged stool it will tip over when sat on.
Recently I wanted to take my success and put it to work for me and others. My goal is to share the fun and profit of forex swing trading with everyone and build a community around it.
On this forum, I will post fundamental and technical analysis relating to pairs where I see opportunity. If you like what you see visit my website and sign up for a subscription and get my signals automatically. You can join here.
If you are not ready to join but appreciate the free help you can donate a few bucks to help feed my coffee fix.
What's my approach? Simple. Three parts:
1. Study global economic trends and changes. There is an abundance of this data on the internet. Economists love to write.
2. Understand how political changes impact currencies. Political changes both within a nation's internal politics, as well as international, can affect currency prices.
3. Charts across multiple time frames. Understand the big picture and the small picture. Trade the time frame that fits your style which for me is swing trading. Find trends and follow them. Recognize ranges and trade them.
You will notice I am a big believer in small position sizes, wide stops, and patience. I draw lines with markers not fine point pens. I like having multiple positions open at the same time. You don't need a huge account to trade my signals. $2000 is a good number to start with if that's all you have. My fee is $60/month which is pretty reasonable (it's $2 a day!)
Questions and comments are welcome. I'm sure there are many things we can learn from each other.